Life Partners Cuts Profit View, Delays Annual Report Again

By

Mark Maremont

June 1, 2011

Life Partners Holdings Inc., which may the subject of a civil action by the Securities and Exchange Commission, revised downward its net-income estimate for its most recent year and said it would further delay filing its annual report while management and the company's outside auditor examine certain accounting matters, including a potential new issue.

For the fiscal year ended Feb. 28, Life Partners estimated that its net income...